PANews November 26 news, according to Bitcoin.com, Nigel Green, CEO of the independent wealth management and financial consulting firm Devere Group, calls on the UK government to establish a national Bitcoin reserve.
Green emphasizes that as the price of Bitcoin approaches $100,000, it has the potential to strengthen the UK's economic position. He described the opportunity for UK Prime Minister Keir Starmer to take the lead in implementing revolutionary financial strategies and remarked, 'The US has already taken steps in this direction. The elected President Trump, now known as the 'crypto president,' has committed to establishing a national Bitcoin reserve, laying the foundation for this goal.'
Green warned that the UK cannot be complacent in the competition for economic innovation and sovereignty. He believes that Bitcoin's unique characteristics, including its decentralized framework, limited supply, and inflation resistance, make it a unique asset. Using Bitcoin as a strategic reserve could change the UK's fiscal strategy, providing a hedge against traditional market volatility and currency devaluation.
